US stocks were mostly trading lower this morning, with the Nasdaq Composite falling around 50 points on Friday.

After Friday’s market open, the Dow fell 0.03% to 33,777.38, while the NASDAQ fell 0.43% to 12,008.96. The S&P 500 was also down 0.18% to 4,122.44.

Look at that: Top 4 Technology & Telecom Stocks That Could Dip In Q2

Leading and lagging sectors

• Shares in consumer staples rose 0.7% on Friday. Meanwhile top winner in the sector included Steakholder Foods Ltd. STKHup to 5% and The Procter & Gamble company PGplus 4%.
• Information technology shares fell 0.9% in Friday trading.

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The S&P Global US Manufacturing PMI rose to 50.4 in April from 49.2 the previous month, beating the market estimate of 49. The S&P Global Composite PMI rose to 53.5 in April from 52.3 a month ago.

Stock trading UP

• Wang & Lee Group, Inc. WLGS Shares soared 43% to $4.44 after falling 38% on Thursday. WANG & LEE GROUP has offered its IPO of 1,600,000 shares at a price of $5.00 per share.
• shares of ContextLogic Inc. WISH got a boost, rising 39% to $9.95 after the company announced a $50 million buyback program.
• EyePoint Pharmaceuticals, Inc. EYPT Shares were also higher, gaining 35% to $7.67 after Baird began reporting on the stock with an Outperform rating and a $33 price target.

Stocks are trading down

• U Power Limited UCAR Shares fell 40% to $25.70initial public offering Volatility. U Power priced its IPO at $6 per share with 2,416,667 shares.
• shares of Ocuphire Pharma, Inc. OKUP was down 20% to $4.9350 after the company appointed Rick Rodgers as interim CEO and President.
• Dermata Therapeutics, Inc. DRMA fell 11% to $2.54.
• Dermata Therapeutics announced Thursday that it has received a response from the FDA regarding its Type C CMC meeting. The FDA’s response states that the company has provided documentation of its CMC procedures and controls sufficient to support the initiation of Phase 3…